Icon Energy Corp. Announces Capital Raise under the SEPA

Core Viewpoint - Icon Energy Corp. has successfully sold 680,023 shares under the Standby Equity Purchase Agreement, generating net proceeds of $2.3 million at an average price of $3.31 per share [1][2]. Group 1: Financial Performance - Year-to-date, Icon has sold a total of 680,023 shares, resulting in net proceeds of $2.3 million [1]. - The average price per share during this sale was $3.31 [1]. Group 2: Standby Equity Purchase Agreement (SEPA) - Icon entered into a SEPA with an investor on August 27, 2025, allowing the company to issue up to $20 million worth of common shares over three years [2]. - The SEPA provides Icon with a flexible and efficient source of capital, enabling the company to pursue growth opportunities and support strategic initiatives [3]. Group 3: Company Overview - Icon Energy Corp. is an international shipping company that specializes in seaborne transportation services for dry bulk cargoes [3]. - The company is headquartered in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol "ICON" [3].